(a) This subchapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purpose. To this end, it shall not be necessary to comply with general provisions of other laws dealing with public facilities, their acquisition, construction, leasing, encumbering, or disposition.
(b) (1) The practice of municipalities and counties and their authority to loan the proceeds of industrial development revenue bonds to accomplish the purposes set forth in ยง 14-164-205 is explicitly confirmed and ratified.
(2) All loans previously made by a municipality or county shall be considered for all purposes as if made under the authority of this subchapter.
Section: Previous 14-164-202 14-164-203 14-164-204 14-164-205 14-164-206 14-164-207 14-164-208 14-164-209 14-164-210 14-164-211 14-164-212 14-164-213 14-164-214 14-164-215 NextLast modified: November 15, 2016